What's In Store For Crocs Q3 Earnings? Analyst Eyes North America Trends
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 18 2024
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Source: Benzinga
Analyst Rating and Earnings Forecast: BofA Securities analyst Christopher Nardone maintains a Buy rating on Crocs, Inc. (CROX) with a price target of $179, projecting third-quarter EPS of $3.17, which exceeds guidance and consensus estimates, alongside a 5.8% sales growth driven by strong international performance.
Market Performance and Future Outlook: CROX shares have increased over 62% in the past year, currently trading at $138.43, while attention is on North American sales trends and the impact of the shift to direct-to-consumer sales following Amazon's transition.
Analyst Views on MVPA
Wall Street analysts forecast MVPA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MVPA is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
